author is talking about the upcoming cliff in the wrong way.... ITS NOT MORE NON PAYING ED LOAN BORROWERS.... Yes, the trend is there but its the wrong conclu

author is talking about the upcoming cliff in the wrong way.... ITS NOT MORE NON PAYING ED LOAN BORROWERS.... Yes, the trend is there but its the wrong conclusion... If you look at States spending per college student...you find a trend of less money spent per student as adjusted for inflation from before the programs were accessible 1960s to today 2024. In Federalist systems...what often happens is when a Fed program starts up it acts to DEFUND the state efforts in the same need area... Instead what should happen is what we do for first and secondary schools in that the Fed offers states thousands of dollars per student for school attendance. An example: Say 4 year costs $40,000 per student... Fed pays $20,000 not through loans but same way we do for secondary...state school turns in attendance and student numbers and gets the money. Or via loan which means that the loan costs acts to take out of the economy.... -loan costs of $80,000 direct to student..... $1million earning- $80,000 = no longer making house payment and purchase -ripple effect as 40% less housing purchases means house building labor has to go down by 40% In short words, making state colleges somewhat more free acts as an economy GDP multiplier both in student income, gov taxes, and consumer buying... In very attention grabbing words....making state colleges somewhat free with fed help increases GDP by 3 to 5 percent....which is why economists are somewhat screaming for it to be done.